Indomobil Finance Issue Bonds worth IDR410Bn

Indomobil Finance, the subsidiary of Indomobil Multi Jasa, Tbk (IMJS IJ), issue bonds to raise funds. The company issue Continuous Bond II Indomobil Finance Indonesia with fixed interest rate Phase IV Year 2017 with a principal value of IDR410bn. This issuance is part of Bond II Indomobil Finance Indonesia with a maximum ceiling of IDR3trn. The bonds divided into three series namely, series A worth IDR238bn with a coupon rate 8% and 1y tenor, series B worth IDR51bn with a coupon rate 8.8% and 3y tenor, and series C worth IDR121bn with a coupon rate 9.4% and 5y tenor. For the record, the company’s full year 2016 performance shows an increase compared with the same period 2015. The company’s revenue noted IDR1.65trn, or increased compared with the same period 2015 noted IDR1.41trn. While, the profit for the year was also increased or noted to the amount of IDR90.23bn in the end of 2016 or increased compared with the same period in 2015 noted IDR80.17bn.

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